Licenses and Regulatory Status

State Licensure

Texas G&S Investments, Inc. is licensed by the Texas Department of Banking as a money services business under Texas Finance Code Chapter 152. The company holds Texas Money Services Business License No. 11. The license authorizes the company's regulated business activities, including currency exchange and money transmission, conducted under the Texas Money Exchange brand and through the TGSI corporate division.

Federal Registration

The company is registered with the Financial Crimes Enforcement Network (FinCEN) as a money services business. The company is subject to the Bank Secrecy Act, 31 U.S.C. Section 5311 and following, the Anti-Money Laundering Act of 2020, and the implementing regulations at 31 C.F.R. Part 1022 and 31 C.F.R. Section 1010.311. The company is also subject to sanctions compliance obligations administered by the Office of Foreign Assets Control.

BSA/AML Program

The company maintains a written Bank Secrecy Act and Anti-Money Laundering compliance program. Program components include a designated BSA Compliance Officer, written policies and procedures, customer due diligence and enhanced due diligence procedures, beneficial ownership verification, risk-based transaction monitoring, OFAC screening, Currency Transaction Report and Suspicious Activity Report filing, independent testing, ongoing training, and record retention consistent with regulatory requirements.

Texas Department of Banking Notice

Texas G&S Investments, Inc. is regulated by the Texas Department of Banking. Customers may contact the Texas Department of Banking at 2601 North Lamar Boulevard, Austin, Texas 78705, by telephone at 1-877-276-5554, or online at www.dob.texas.gov. [VERIFY CURRENT CONTACT DATA AGAINST AGENCY WEBSITE BEFORE PUBLICATION.]